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Turnover $1.02M per annum (Ex GST) (approx.). Net to 1 owner $275,000 per annum (approx.). Established December 2009. Long 15 years lease commenced December 2018. Low rent at approximately 4% of turnover. High profile shop position.
About the opportunity
The menu for this franchise business, broadly consists of various 6” and 12” subs with various breads, varieties of salads, various cookies and soft drinks. The specific Subway menu comprises the: 6 Grams of Fat or Less Range, like chicken strips, chicken teriyaki, ham, roast beef, Pulled Pork and Turkey; The General Sub Range, like chicken & bacon ranch melt, chicken classic, chicken parmigiana melt, chicken schnitzel, Italian BMT, meatball, pizza club with cheese, steak & cheese, Subway seafood, tuna and veggie patty; Breakfast Subs, like egg & cheese, ham, egg & cheese, ham poached egg & cheese, shortcut bacon, egg & cheese, and shortcut bacon, poached egg & cheese. Coffee is also included in the menu.
The business is very simple to run, the franchisor taking care of marketing, new product development, corporate imaging, etc.
The premises are situated in a high-profile open-air single level complex on Blaxland Road. The premises possess 180 degrees exposure to the carpark belonging to the complex. There is ample parking surrounding the complex.
Some of the nearby businesses to the store and within the complex include, a bicycle shop, Snooze, EarlySettler, a furniture shop & showroom, Karcher, De Rucci, Oz Design Furniture, Solomon’s Flooring and hiit republic.
Subway was founded by Fred De Luca in Connecticut USA during 1965. The group now boasts approximately 1,250 franchises Australia wide and approximately 44,000 outlets globally.
The “eat fresh” slogan is obviously designed to keep the Subway name as a leader in the healthy living food area. By all accounts this focus is having success.
Great opportunity to get into this sought after franchise group!!!
Asking $750,000 + SAV.
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